Channel - Taking support from lower channel Candlestick - Made bullish harami 1 day before. MA - Price taking support on 10 & 50 DMA Volume - Good buying volume
Escorts has been moving into a channel. Currently testing the edge.
on hourly chart the stock looks EXTREMELY bearish , after a great uptick , on daily charts moving side ways and today closed belowan important mark of 970 can sell below 965 and can sell more below 950 for 935 917 targets
A classic Double Top pattern has been formed on NSE:ESCORTS . A double top pattern is often formed on a previously bullish stock that is now currently showing a reversal to a bearish direction. This is a medium term positional call that is valid for 45-50 days. Interestingly, a stochastic bearish divergence (Triple) is also formed confirming an immediate fall in...
NSE:ESCORTS As We can see Escorts had a Top around 750-770 levels where it formed a Bearish Engulfing Pattern(Marked Area). Now at the same Area It made a Reversal Candlestick Pattern called Shooting Star(Marked Area) with Volumes above Average. That Pattern is also called "Falling of the Roof(Steve Nison)" which touches targets in fast momentum. Risk:Reward...
ESCORTS broke out of the wedge and completed the Gartley. Making a flag at D, before taking a direction
ESCORTS , after making the lifetime high, it moved in a head and shoudlers pattern, completing it. Its back to test the lifetime highs. VOlume spikes are going down, as we approach the level. Can expect a move in either direction based on results due early this week. it did complete the CUP, may make a handle.
hi, explained in the charts
ESCORTS has been moving in a Gann Fan pretty decently. CUrrently testing the blue sup/resistance level It also broke out of the inverted head and shoulders(neckline not shown) All of that for an upmove to retest the lifetime highs.
Escorts is moving in a rising wedge. Currenly on the top of median line , forming a small channel zone.
ESCORTS in breakout/reversal zone. ALso retesting 618 FIB level.
ESCORTS is respecting a Neckline for a while. The price action narrowing down in a symmetric triangle like structure. Breakout in either direction is possible.